From McDonald’s Burger-flipper To Crypto Billionaire, Binance CEO Ranks 11th Among World’s Richest
10 Janeiro 2022 - 01:46PM
NEWSBTC
Changpeng Zhao, a former McDonald’s employee and the CEO of
Binance, the world’s largest cryptocurrency exchange, is the
world’s richest crypto billionaire. His net worth comparable to
that of top tech tycoons such as Elon Musk, Jeff Bezos, Bill Gates,
Mark Zuckerberg, Larry Ellison, and others. Binance CEO Is Worth
$96 Billion According to a recent report by Bloomberg, Binance CEO,
Changpeng Zhao’s net worth is $96 billion. Zhao’s riches might be
even bigger, given the wealth estimate excludes his personal crypto
assets, which include Bitcoin and his company’s own token. Last
year, the value of Binance Coin, commonly known as BNB, soared by
almost 1,300 %. BNB/USD Surged over 1,300% last year. Source:
TradingView Last year, the price of BNB surged at a faster rate
than the price of Bitcoin, which increased by around 63%, and
Ethereum, which rose by over 420%. BNB reached a high of $675 in
May of last year before falling to $261 by the end of the month.
Larry Ellison of Oracle was the 10th richest person on the list,
with a net worth of $107 billion, followed by Gautam Adani of the
Adani Group, who had a net worth of $78.6 billion. Binance was
founded only four and a half years ago. When compared to other
legacy enterprises created decades ago, it’s a young company. The
Crypto Richest. Source: Bloomberg Forbes estimated Zhao’s net worth
was projected to be $1.9 billion in August 2021. However, Hurun
Global Rich List 2021 estimates Zhao’s fortune was $8 billion, up
208% over the previous year. FTX founder Sam Bankman-Fried was
ranked 128th on the Bloomberg Billionaires Index with a net worth
of $15.4 billion, and Coinbase CEO Brian Armstrong was ranked 279th
with a $8.9 billion fortune. Related article | Binance’s CZ Wants
Entrepreneurs To Create Coins. Does His Argument Make Sense?
Binance: One Man, World Crypto Giant Though the company has been
kicked out of its bithplace China, it is now being investigated by
regulators around the world. The US Department of Justice and the
Internal Revenue Service are looking into whether Binance Holdings
Ltd., which Zhao owns, is being used as a conduit for money
laundering and tax evasion. Binance is the largest cryptocurrency
exchange in the world, with daily cryptocurrency trade volumes
exceeding $100 billion on the majority of days in 2021. Binance is
by far the largest crypto exchange in terms of both spot and
futures markets. CZ’s continued attempts to get operational
licenses in various jurisdictions across the world is indicative of
the firm’s success. Despite regulatory challenges, Binance
continues to collaborate and acquire new companies in order to
remain a leader in the crypto trading sector. Binance generated $20
billion in revenue in 2021, which is more than three times the $5
billion generated by Coinbase. Binance has multiple whale accounts
that buy Bitcoin on a regular basis, in addition to CZ’s personal
crypto holdings. According to Bloomberg, Binance appears to be
looking for a new home in the UAE and Singapore. The Binance CEO
has been visiting royalty and hosting meals near the Burj Khalifa
in Abu Dhabi. According to Bloomberg, the UAE royal family is eager
to attract Binance to Abu Dhabi as it develops its own crypto zone.
The crypto exchange just completed the acquisition of Swipe, a
popular crypto Visa card provider with over 70 million locations
worldwide. Related article | Binance ’s Road To Compliance
Continues With A List Of Rights For Crypto Users Featured Image:
Shutter shock | Charts by Bloomberg, and TradingView
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